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Draw the graph of the indifference curve maps for each scenarios. Put good X on x-axis and good Y on Y-axis. Draw 3 indifference curves and labeled U1, U2 and U3 from the highest to the lowest utility level. a. Good X is economic bad. For good Y, more is better. b. Both of goods X and Y are economic bad. c. Good X is useless good and good Y is economic bad
Explain why government deficits in more troubled countries, such as Zimbabwe or Iran, tend to produce more inflation than deficits in less-troubled countries, such as Japan or United States.
Explain the Zero Lower Bound (ZLB) problem of monetary policy and its importance and plot the federal funds rate upper and lower limits for all available periods. Was the economy in the US limited by this issue during the financial crisis?
Describe the types of economic development programs that are being conducted in your community. Analyze the actors involved in the economic development programs.
What are the implications of low US savings rates for economic growth? Do low US savings rates mean we are running out of capital per worker? (Explain why or why not). Is it possible for a country to have too high a savings rate?
It is a hot day at the beach. Ice water costs $2 per bottle and this is your only option. Your marginal benefit for water follows the equation MB = $10 - $x. x is represents the number of bottles of ice water you have had. So, for example, the margin..
Describe the specific target market - Develop strategies for entering the target market
Do you think in legal matters and health matters and so forth people should be economically valued differently? or should there be one standard amount each person is worth/
Compute the gross price paid by consumers after a per-ticket tax of $4. Calculate the after-tax price received by ticket sellers.
Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping.
Explain how large a decline in the value of bank assets would it take to reduce this bank's capital to zero.
A brief working definition of representative democracy, constitutional democracy, and republic forms of government. Then, explain how these concepts impact contemporary democratic governance. Provide specific examples to illustrate your points.
Smoothing techniques are a form of ___________ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
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